Crypto whales have been snapping up Chiliz (CHZ), an Ethereum-based fan engagement token, sending its trading volume to its highest level in 22 months. Whale Activity According to analytics firm Santiment, whale addresses holding at least 10 million CHZ tokens have accumulated 42.67 million CHZ in the past month. This surge in whale activity has…
Rare Admission of Guilt JPMorgan Chase has admitted to failing to monitor billions of orders from traders and clients, a violation of regulations designed to detect market misconduct. The bank has agreed to pay a $100 million fine to the Commodity Futures Trading Commission (CFTC). Previous Fines This is not the first time JPMorgan has…
The London Stock Exchange (LSE), one of the world’s largest, has started trading exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH). What are ETNs? ETNs are similar to exchange-traded funds (ETFs), but they are debt-carrying vehicles that track an index instead of being backed by underlying assets. Fully Backed ETPs Two of the approved…
Researchers from the European Union (EU) have identified a promising trend: the convergence of blockchain technology and artificial intelligence (AI). Benefits of the Blockchain-AI Combo According to the EU’s Blockchain Observatory and Forum (EUBOF), blockchain and AI can complement each other in several ways: Secure and Transparent Data for AI: Blockchain can safeguard AI data,…
Argentina’s interest in Bitcoin has been making headlines, but experts are saying to hold your horses. Milei’s Election and Crypto Curiosity When Javier Milei, a Bitcoin supporter, became president in late 2023, it sparked excitement about Argentina embracing the cryptocurrency. The government has made some small moves towards crypto, but it’s not a full-on adoption….
A Shiba Inu trader has made headlines by turning a $2,625 investment into a whopping $1.1 million. Here’s how they did it: Early Investment and Long-Term Hold On February 1, 2021, the trader bought 48.09 billion Shiba Inu tokens for 2 ETH ($2,625). They held onto the tokens for over three and a half years…
Medical device company Semler Scientific has made a bold move by investing $40 million in Bitcoin. Shifting Cash Reserves Semler Scientific has joined the ranks of companies like MicroStrategy by adding Bitcoin to its treasury reserves. Chairman Eric Semler believes Bitcoin is a reliable store of value and a hedge against inflation. Excess Cash Optimization…
In the past, people debated whether Tron could dethrone Ethereum as the second-largest cryptocurrency. However, Ethereum has proven its dominance as the leading smart contract platform. Ethereum’s Advantages Despite Ethereum’s dominance, analysts continue to compare it to Bitcoin, the world’s most valuable cryptocurrency. According to one analyst, Ethereum has several factors that could lead it…
Selling Pressure from Grayscale’s Outflows A report by Kaiko warns that Grayscale’s Spot Ethereum ETF could put downward pressure on Ethereum prices. This is because the fund has been trading at a discount and investors may sell their shares to take profits. Grayscale’s ETHE Fund Grayscale’s Ethereum Trust (ETHE) has over $11 billion in assets….
Ethereum Exchange Netflow Spikes On-chain data reveals a recent spike in Ethereum exchange netflow, indicating a potential increase in deposits. This metric measures the net amount of ETH entering or leaving exchange wallets. Positive Netflow: Bearish Signal? Positive netflow typically suggests investors are depositing ETH for selling purposes, which could lead to a price decline….
